Question 1

What resources can I use to learn more about FX trading?

Accepted Answer

Educational materials provided by your broker, MetaTrader's official documentation, and the signal indicator explanations on each strategy's detail page can all be helpful references.

Question 2

How do I file taxes?

Accepted Answer

Tax regulations vary depending on your country of residence and income bracket, so we recommend consulting a tax professional for accurate filing.

Question 3

What is the difference between commission and spread?

Accepted Answer

Commission is a fixed fee charged separately in proportion to trade volume, while spread itself is the cost embedded in the difference between buy/sell prices.

Question 4

When does the swap (overnight) fee occur?

Accepted Answer

It occurs when you carry a position over to the next trading day (overnight), and can be positive or negative depending on the interest rate difference between the two currencies.

Question 5

Is the spread included in trading costs?

Accepted Answer

Yes, the spread is a real trading cost incurred every time you execute a trade.

Question 6

I'm based in Korea, what time is best for trading?

Accepted Answer

Generally, the Korean nighttime to early morning hours, when the European and New York sessions overlap, offer strong liquidity, but the ideal time can vary depending on your strategy's characteristics.

Question 7

Why are overlapping sessions important?

Accepted Answer

As participants from two markets are active simultaneously, liquidity and trading volume increase, which tends to narrow spreads and produce clearer trends.

Question 8

How should I respond around high-impact news releases?

Accepted Answer

Since spreads can temporarily widen and slippage can increase, it may help to reduce position size or temporarily refrain from trading.

Question 9

Why does volatility increase around economic indicator releases?

Accepted Answer

Because market participants react immediately to the difference between expected and actual figures, causing a surge of orders in a short period.

Question 10

Does daylight saving time affect trading hours?

Accepted Answer

Yes, depending on whether daylight saving time is in effect, the start/end times of each session in Korean time can shift by an hour.

FAQ